This contentious double tax issue has been brought to light multiple times. Eliminating the double tax would make a serious impact on property development.
Bill Hennessey, the managing director with Colliers did an excellent presentation to Moncton city council about this very issue 2 years ago. Here are a couple of points from his presentation:
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Some solutions suggested include removing the HST, eliminating the double tax, and reducing the property tax rate to have parity with Halifax.
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The thing that really freaked me out quite candidly, was the 3,897, the stuff that’s sitting on people’s desks that they’re not mobilizing because they can’t make it commercially viable,” Hennessey told City Council.”
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